As the United States and Iran continue a week-long negotiation to end the ongoing conflict that has rocked West Asia, details of the draft proposal discussed by the two sides have come to light. 

Officials involved in the negotiations told The New York Times that a new draft memorandum is under discussion that is closer to gaining approval from both sides.

However, they had differing accounts of exactly what the peace proposal, which has yet to be agreed upon by both sides, entailed. The deal, if agreed, would be an initial framework and would pave the way for a substantive agreement between the United States and Iran, which has been fighting since February 28.

Diplomats involved in the discussion told the American news outlet that the longer the two sides went on to haggle, the more frustrated they would get and the clashes in West Asia would escalate. Here are some of the aspects of the proposal that are in discussion between the Iranian and American officials.

$300 billion reconstruction fund for Iran

One of the most surprising aspects of the proposal was also recently added in the agreement, according to The New York Times. The agreement included plans to establish a "reconstruction and investment fund" for Iran. As per the report, while one Iranian diplomat has put it at $300 billion, others involved in the mediation process could not confirm the amount.

While speaking to the NYT, the Iranian officials described the fund as a "reconstruction program" that would be promised to Iran in the event a final agreement was signed. Earlier in the negotiations, Tehran had demanded reparations for bombardment damage that some Iranian officials estimate at $300 billion to $1 trillion.

Two diplomats who were briefed on the draft described it as an "international investment fund" which the United States would help to facilitate if both sides reached a final deal. Plans for such a fund would be further discussed during the negotiations period, the diplomats told the NYT.

In the past, Trump's special envoy to the Middle East Steve Witkoff and Jared Kushner, the president's son-in-law, floated the idea of promoting real estate projects in Tehran. Meanwhile, the Iranian officials said that they had proposed to American negotiators that American companies, including major oil and energy corporations, could enter Iran for investments and joint venture deals.